At some point in your investing career, you’ve likely heard of a stock that’s gone on a ridiculous run or a certain part of town that has now become the trendiest in the area, and you’ve kicked yourself for not investing. We’ve all been there.
Well, the cliche is true: hindsight is indeed 20/20. In hindsight, who wouldn’t have purchased as many shares as they could of Amazon or Apple back in the 90s? Knowing what I know now, I would’ve also bought as many properties as possible in certain areas of Los Angeles 7-8 years ago.
However, we must realize that in investing as in life, capitalizing on every opportunity is simply impossible. Many times, we think about all the hypothetical returns we missed out on, which does nothing more for us than waste time. Worse, it creates this sense of FOMO (fear of missing out) that may lead us to chase the next ever-elusive “hot” stock or investment trend with limited to disastrous results.
Your patients are rating you online: How to respond. Manage your online reputation: A social media guide. Find out how.
